Advances

Advances

Advances are fully-collateralized borrowings that are offered to members. Advances can be used to fund asset growth, to meet real-time liquidity needs, and to assist with managing and mitigating certain kinds of interest rate risks.

Advances are offered in terms ranging from overnight to 30 years, depending upon market conditions. Advances are highly customizable and may be in the form of bullets or amortizing, fixed or floating rates, and may contain embedded optionality (e.g. calls, puts, caps, floors). At-cost advances for qualifying economic or community investment purposes are also offered.